What to do if your investment account is down?
Hey, everybody has “lost” money in this market—on paper. Do what the Fed is doing with its $330 Billion “loss:” Fed carrying $330 B in unrealized losses on its assets according to Q1 financial statement. DO NOT SELL. If you need some cash before the market rebounds, sell $3,000 in down securities. You can deduct this amount against your other income on your taxes. You can avoid the two KILLERS of wealth accumulation—taxes and fees. Life is not without emergencies so wise investors have funds they can always tap if needed. Your paper “losses” can be overcome by waiting. Since 1871, the stocks in the broad market have maintained an annual return of 11%—a real return of over 9%. Unless you are a market timer, hold your assets like the Fed. Assets will again provide you with a long-term positive return. No one knows how long but if you sell you will definitely suffer a long-term loss of years of 11% accumulations. Don’t watch acct!
Use your “Go-to-Hell” fund: https://www.amazon.com/Your-Go-To-Hell-Fund-goes-hell/dp/1492325627
What to do if you don’t have a tax-advantage account at work?
Folks with 401k or 403b at work get to defer taxes by lowering their taxable income. They pay the tax on this income and the earnings on this income when they retire after age 72. Some employers even give them money to contribute. But many people don’t have this offer. Actually, those who don’t have a plan at work can get an even better deal—a tax-FREE retirement plan. By paying tax immediately, your contributions and their earnings can be completely free of federal and state income taxes. You can spend all your nest egg with no taxes. This also means your Social Security benefits (usually taxed up to 85%) may be tax-FREE too. Example: contribute your tax refund (averages $3,000) each year for at least 34 years and never pay tax on over $1 million. Warren Buffett is your advisor. You can spend the $102,000 contributions and the $919,768 earnings with no taxes. Even if you have a plan at work, you can use this IRS-OK account too.
https://www.amazon.com/New-American-Retirement-System-Reserve/dp/1461030072
Show your kids, grandkids how to build a $1,000,000 tax-FREE nest egg
Show them how to build a nest egg from the savings on all the financial services they buy. Most people waste $3,000 a year on overcharges. Our financial industry Insiders show you the "tricks of the trade" so you save up to $3,000 every year on banking, mortgage, education, 401k mutual funds, securities, annuity, insurance-life, health, disability, long term care, vehicle, homeowner's, lawsuit--vehicle purchase, estate legacy, wealth transfer, retirement spending . . . almost any service. You buy the best financial services and avoid high fees and commissions. Your savings builds your Wealth Reserve over time. You buy where we Insiders buy! Our Insider's Guides help you find the savings so you can build your ‘Wealth Reserve’ to protect your lifestyle, now, and into the 21st Century. Your Unbiased Advisor: "Give a man a fish; you have fed him for today. Teach a man to fish; and you have fed him for a lifetime." Our Insiders show you how to SAVE $3,000 every year by buying your financial services online DIRECTLY—cut out the middle person’s fees, commissions, charges. Use your tax-FREE account.
https://www.amazon.com/Insiders-Guides-Discount-Financial-Services/dp/143480593X/
Is passive index investing right for you?
Pick
your index fund: over time, your diversified investments grow at about 11%.
Investing your annual tax refund
of about $3,000, it’s worth about $55,684 in 10 years, $213,795 in 20 years
and $1,021,768
in 34 years. As Warren Buffett says, his fortune is due to compounding. Without
compounding,
our $3,000 for 34 years would be worth only $102,000. Of course the people who
make money from your money will claim that they can make you even more money.
However, even Buffett admits wise stock picking doesn’t last forever. No one
has the perfect analytic tools to make perfect choices all the time. Buffett
did well because he began investing early and his dad was a broker. He learned
wise investing from Benjamin
Graham at
https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592
Are you ready for Medicare living help?
In 2020, about 50% of Americans living alone lacked the resources to pay for their basic living needs. 50% of elders in the richest country in the world can’t afford the basics! What kind of society does that? Some states are helping by covering the cost of Medicare Part B which costs $170.10 a month this year. Some cover Part D—prescriptions. Costs will go up next year with inflation over 6%. You may qualify for help if your total income is less than $18,347 (single) or $24,719 (couple). However, if your rent, utilities and phone are over $1000, you can’t afford much food or transport. Forget about getting sick—Medicare does not cover everything medical. A single aspirin can cost $30 per pill in the E.R. Since most people don’t read The Times, many in need don’t even know about these programs let alone how to fill in their long application forms.
Plan now: https://www.amazon.com/Will-You-Have-Enough-retirement/dp/1477594086
Are you stressed by financial troubles?
Six in 10 folks are uncomfortable talking about their financial stress with other people. Some avoid social events for this reason. Since our schools don’t teach how to deal well with money—beyond opening a bank account—we have two options: 1. pay an expensive financial advisor or 2. learn on your own. Most successful small business people had to learn on their own. Yes, they pay an accountant to help with some decisions but most working people earning less than $75,000 don’t need an accountant. The hardest part about handling money is learning control. Most of us are wasting HALF our income paying interest to someone via high cost credit cards, auto loans or over our head rent/mortgage expenses. Paying an advisor all your life can take up to 63% of what your savings could provide you. According to Vanguard’s John Bogle, “fees will erode 63 percent of what you would have had.” Learning what you need to know to control your financial life is easier now that we have the internet. However, since there is a lot of trash lying around to slip on, you need an unbiased guide. I had all my retired industry friends help me assemble all the information you need to succeed with your goals.
https://www.amazon.com/Wealth-every-school-graduate-century/dp/1466427906
Another way the wealthy transfer their taxes to us
With more money than most of us have, the rich can achieve
self-sovereignty, freedom of travel and, most importantly, access to becoming a global
citizen. A second citizenship offers a hedge against political and economic
turmoil, as well as the recent travel restrictions. These folks can enjoy the
best of American life and avoid the costs of living here. Favorable tax
laws, opportunity cost, in addition to the growing amount of uncertainty of new
financial legislation, are just a few of the reasons millionaires are seeking second
citizenships. Their crypto provides a secure and decentralized record of
transactions, their financial life is not an open book. They can enhance
self-sovereignty through hard asset and real estate designated-ownerships. They
can thus avoid new reporting requirement in the
https://www.amazon.com/Americas-Socialism-for-Rich-little-people/dp/1535218584
?**********ACCOUNTABILITY**************?
Like 1776, this
period is a test
of democracy—We
rejected an "American
fascist" once
The
Path to Dictatorship: 2010-2030
Nov 2020 Wealthy
discredit election process
Jan
6 2021 Direct
assault failed: guns
& bombs ready
Trumpist’s Supremes end
personal rights except weapons
How Govt wastes our money:
As kids call for
help; police
says wait; calls for barricade squad: kids wear armor?
TX Pro life? Mr
Ramos shot over 100 rounds: do hunters
need 100 rnds to shoot prey?
Even
if police read early media posts, insufficient law to put Ramos in jail: assaults
legal
16 sitting GOP senators
have accepted at least a million dollars from the NRA
Have
our Reps sold us out? 65% of registered voters back stricter federal gun
laws
Congress is really
willing to continue
mass murder of our children for war gun sales
In
US a child shot every hour: only
243
Ukraine kids killed by assault guns Putin
AK-15
Is
your family next? Senators fear replacement
if vote but not fear gun killings of family
OK hospital makes 233
mass shootings this year: AK
15 very popular: ready same day
$22
million Pentagon’s Advanced Aerospace Threat Identification Program (UFO)
Our
$7,500 electric subsidy may be going to the wrong people: tax credit for
rich only
SCAMS/SPINS:
America has more guns than people: like nuclear weapons, we can destroy ourselves 2x
Who benefits having assault weapons available to all? Politicos, makers, NRA, mafia
Senators’ kids not in public schools: Would an attack be enough to change laws?
Show the Senators the police pictures of 19 dead kids ripped by AK 15 bullets: insane
2005 Supremes: police have ‘discretion’ in not enforcing laws to protect people in threat
Supremes: NY can’t restrict concealed carry rights—‘everyone can carry any gun’ Wild
Supremes ignore the constitutional rights of their clerks: clerks need a really good lawyer
Supremes: “abortion
not in constitution” neither is assault rifle killing 30 in 30 seconds
Trumpist ‘Wisdom’: Third World War 'Would
Be Like No Other'
Former Trump advisor Peter Navarro formally filed
suit 1/6 subpoena: Delay delay delay
GOP
already tampering in MI voting process: party workers to scare Dems: GOP army
Supreme Alito delays counting of undated ballots in
Southern Baptist Convention list of clergy and other church staff accused of sex abuse
Christian
nationalism in some GOP campaigns: politicians
using Christ to gain power
Christian
nationalism abortion
ban will be decided at the very local local level
Western
drought? Golfers take
40 million gallons for each green: haves vs have nots
Merrill caught
overcharging for mutual funds: fees last forever class: fine, no jail
Morgan Stanley caught
negligence failing to supervise Francisco
Javier Valenzuela: fine
Ford caught: false
fuel economy and payload capacity vehicles: fine, no jail
ALERT: Tesla 758 complaints of unexpected
brake 80 to 69 by Autopilot: Neck snap
Americans
just gave Putin’s buddy oligarch Abramovich $3.2 billion not sanctions
Hospital
found loophole. Cancer screenings like colonoscopies are supposed to be
free.
FDA is investigating a hepatitis
A outbreak linked to fresh strawberries
Why
we are taxed on our Social Security benefits: income >$34,000 benefits
taxed 85%
Taxes will not be the issue by 2034
when benefits will be cut: rich
stop paying SS taxes
BLM
has the donations but lacks support of its constituents: leaders’ family
benefits
LOOK OUT: Cruise
may hit you: no drivers in SF
Best
Worst bankers to make loan: JD Power ratings
RECALL Fresh Kampo and H-E-B strawberry a hepatitis A outbreak.
“I
read BANNED books”
Jobs
IRS no experience; $40K+ https://www.jobs.irs.gov/find-job/irs-events
Job
openings holding at near-record highs
What it takes to be a queen: 70
duties/events/things you never guessed about ER
Ford
adding new shift, 1,100 union jobs to Claycomo
Who owns your account now?
CUNA advisors to LPL 550 advisors across 250 credit unions: more mouths to feed
Buy BEST used vehicle: study of total miles, mpg, resale, etc going 200,000 mi
Miracles:
Annual
sandstorm sends hundreds to hospital:
UFO no contact because Covid: they remember War of the Worlds: aliens died bacteria
Protest unconstitutional
state law any way you can: teens
fight FL bigots
Lithuanian
citizens buy $5 million advanced military drone for Ukraine defense
Free ebooks: sites offer
free reading but check the fine print first
7 simple habits can
cut Alzheimer’s risk in half
Woman with misshapen
ear received a 3D-printed
transplant made from her own cells
Study: those who drank
1.5-3.5 coffee daily with sugar, 29%-31% less
likely to die.
Town dumps
turned into solar farms: 207 megawatts of energy from 21 landfills
@
Everything in
universe: galaxies to stones made of subatomic
energy ‘vibrations’
Light is both
a particle and a wave depending on how we look at the light.
A subatomic ‘particle’
is the smallest possible vibration (quantum) of a quantum field.
Mass–energy
equivalence: E=mc^2. At the smallest
level; Everything is moving!
Inside protons,
neutrons, it
is the fields of the virtual particles that creates its mass.
“Empty space is a
boiling, bubbling brew of virtual
particles that pop in and out of existence in a time scale so short that
you can’t even measure them.” Space expanding.
We can apply for
Medicare online: https://blog.ssa.gov/apply-for-medicare-online
We can apply for Social
Security online: https://www.ssa.gov/benefits/retirement/
We can apply for
health care online: https://www.healthcare.gov/
IAN
973.746.2014
www.InsuranceAdvisorsNetwork.com
Alerts available
at http://dankeppel.blogspot.com/
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